earnings
confidence high
sentiment neutral
materiality 0.65
Lear Q1 revenue falls 7% to $5.6B; net income drops to $80.7M from $109.6M
LEAR CORP
2025-Q1 EPS reported
$1.49
revenue$5,560,300,000
- Revenue $5.56B, down 7% YoY; core operating earnings $270.4M (4.9% of sales) vs $279.8M (4.7%).
- Net income $80.7M ($1.49 EPS); adjusted net income $169.3M ($3.12 adj EPS) vs $183.2M ($3.18).
- Free cash flow -$232M vs -$148M; operating cash flow -$128M due to timing and restructuring costs.
- Seating margins improved ~125 bps, E-Systems ~155 bps; segment adjusted margins 6.7% and 5.2%.
- New business: BYD JV operational control in China, ComfortFlex awards with Volvo/Hyundai, Ford/BMW wire awards.